Tag Archives: amat

Applied Materials-Tokyo Electron merger to form Eteris

Mergers and acquisitions continue to reshape the chip industry, with Applied Materials and Tokyo Electron soon to combine as Eteris, and Atmel snapping up Newport Media. Chip gear makers Applied Materials (AMAT) and Tokyo Electron announced late Monday that once their merger closes, the new company will be called Eteris. The name is derived from “eternal innovation for society.” The two firms announced their merger on Sept. 24. Applied Materials and Tokyo Electron will combine their skills in semiconductor and display manufacturing equipment to better compete against industry giant ASML Holding (ASML). The deal, which the companies billed as a merger of equals, though Applied shareholders will own most of the company, is expected to close this year, pending government regulatory  

Applied Materials Upgraded On Chip Equipment Position

Applied Materials’ (AMAT) “solid position” in the chip manufacturing equipment market and an improving outlook for completing its merger with Tokyo Electron were among factors prompting JPMorgan to upgrade the stock of the semiconductor manufacturing equipment maker to overweight from neutral. In a research report Monday, the investment house also raised its price target on the stock to 30 from 19. Applied Materials stock was up nearly 1%, near

Chip gear sector is sexy again, as sales recover

After two years of decline, spending on semiconductor manufacturing equipment is set to roar back this year. Global industry association SEMI predicts that fab equipment spending will rise 14% to $35.7 billion in 2014 and 11% to $39.5 billion in 2015. Spending next year might even surpass the 2011 record of $39.8 billion, SEMI said in a news release late Tuesday. The increase in chip gear spending comes after declines of 18% in 2012 and 12% in 2013, SEMI reported. IBD’s Electronics-Semiconductor Equipment group has been on the rise the last four weeks. The group ranks No. 82 out of 197 industry groups. A week ago, it was ranked No. 110 and four weeks ago it was No. 122. Applied Materials (AMAT), the No. 1 producer of chip-making gear, on May 15 posted quarterly results that met Wall Street estimates and gave current-quarter guidance that cheered investors. Its stock hit…